Americas Credit Risk Portfolio Management

  • Base salary, bonus and excellent benefits
  • New York, NY, USA
  • Permanent, Full time
  • The Forum Group
  • 21 Sep 17

Our client, a well regarded global investment bank seeks to add a Senior VP-level, deputy to Head of CRM U.S. Portfolio Management.

Credit Risk Management
The Credit Risk Management (CRM) function provides structuring advice and credit approval on transactions, manages the capital and credit exposure of portfolios, actively ensures the recovery of impaired loans and manages the credit risk at the portfolio level via a limit framework consistent with the Group and other legal entity-specific risk appetite statements.
The Americas Chief Credit Office (CCO) controls credit risk taking in the Americas legal entities and manages the credit portfolio concentrations across all business lines. It represents CRM in regional management committees, legal entity-level committees and governance bodies. Other activities include the enhancement of CRM U.S. legal entity governance, review and adaptation of credit risk appetite for U.S. legal entity portfolios and continuous monitoring of portfolios via reports and detailed analyses. In this function, the Americas CCO closely cooperates with other infrastructure and business functions across the organization.
Responsibilities will include the following:
• Enhancement and implementation of U.S. Entity-specific credit limit and approval framework compliant with U.S. regulations and consistent with Group governance
• Expansion of the credit risk appetite and limit framework to comprehensively cover multiple dimensions including country, industry and asset classes per U.S. legal entity
• Coordination of required changes in the Group Credit operating model incl. Credit IT system changes in cooperation with the Risk Transformation Office
• Ongoing management of CRM U.S. Entity Governance including interaction with senior management and board governance bodies
• Other duties concern the support of the Chief Credit Officer Americas with recurring and ad hoc requests, the administration of legal entity-specific credit approval requests and the ownership of legal entity-specific credit policies
Functional Qualifications:
• Credit experience, ideally in a portfolio management or control function at either a U.S. BHC or another financial institution operating in the U.S.
• Prior experience working in projects as workstream lead and/or subject matter expert
• Sound understanding of the U.S. regulation and governance requirements applicable to banks and broker-dealers
Other Requirements:
• Capability to work conceptually and independently, strong analytical thinking
• Strong interpersonal skills in interacting with senior management, external/internal project teams as well as in collaborating with other departments
• Excellent Microsoft PowerPoint, Word and Excel skills; strong database/reporting tool skills (MS Access, SQL Server, Tableau, SAP Business Objects) of advantage